RAK Free Zone
Company Formation
Ras Al Khaimah free trade zone(RAK FTZ) is the cost-effective and rapidly growing trade zone in the United Arab Emirates. It is the most popular free trade zone for a wide range of businesses in the UAE with various benefits. RAK free zone company formation is the best investment choice across UAE for small-medium enterprise, freelancing agency, and industry.
RAK economic zone encourages investors with flexible business options to choose a free or non-free zone company formation. It is at the ideal location for a seaport and has nearby rapidly emerging markets in Europe, Africa, and Southeast Asia. RAKEZ consists of various amenities like customizable warehouses and more spacious industrial development areas.
Benefits Of RAK Free Zone Company Formation
- 100% foreign ownership
- Variety of opportunities to scale up business
- Higher return on investment
- Favorable economic, political, environmental, and social conditions for businesses
- Flexible government policies and regulation
- Easy investment with minimum business requirement
- Accessibility to airport and seaport
- Low-cost business setup
- Quick licensing
- Availability of economical office spaces
- Easy company formation, business registration, licensing, etc.
Setting Up A Company In RAK Free Zone
- An investor is required to submit a detailed proposal on what are their products and services.
- Choose the business trade name and the business activity
- Select company name for registration
- Get all the documents done and submit them for approval
- Pay licensing fees and get the trade license
RAK free zone company setup consists of four zones or business parks. They are as follows:
This zone is allowed for businesses, investors, and corporates worldwide. Investors can establish companies and corporates and grow their businesses with minimum cost.
The industrial zone accommodates heavy manufacturing units or industries worldwide.
This zone allows businesses that include trading as well as light manufacturing businesses across the world.
RAK free zone aims to contribute to fostering quality education. This zone is designed to accommodate world-class educational institutes.
Ras Al Khaimah Free Zone Company Setup Cost
The licensing cost is one of the prime components that need to be covered in the cost of setting up a company in RAK free zone. RAK free zone license is cost-effective and is issued by a competent authority and is valid for a specified period and time. However, there are low license renewal charges compared to other emirates in UAE.
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Booming Bytes Business Consultancy
Booming Bytes Business Consultancy provides professional business solutions. If you are looking for RAK-free zone company formation, we can guide you completely without any hassle. Also, we can assist you in licensing, visa process, pro services, product registration, trademark registration, and much more. If you’re in search of the best solution for company registration or licensing in UAE, we’re the best answer. Reach us out today and get a perfect combination of experience and expertise.